Sunday, July 17, 2011

U.S in Debt 2

Oh, I've just read that after the 5th of August, the ceiling for US debt cannot be raised up anymore. That means, they are no longer allowed to lend money. That's quite a good thing right? Because if they borrow less, they also pay less. If you've read my post below, every American owes over 50 thousand dollars now they have to divide the money they owe to be paid by each citizen.

I'm not so sure how this decision that would affect their economy after the 5th August. I'm not an economist and I'm never good in maths, but I just hope this will not crash their economy. Anyways, there has been a rise of those getting a degree in forensic accounting, to keep the futuremore honest and real. If you think it would be beneficial to your own situation, consider taking online accounting classes.

Back to America's economy, I just hope and pray that everything will work out well for them. Because whatever happens to them can have a ripple effect to the rest of the world

1 comment:

debt consolidation said...

However, I clearly remember people shows a willingness to negotiate to increase the debt ceiling if you reasonably expect that there would be a balanced budget within a reasonable time.


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